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Going green, trade war challenge world auto industry – IMF

Oct 16, 2019 - 1:00 PM

'Near-term prospects for the [auto] industry remain sluggish,' says the International Monetary Fund

(FILES) In this file photo taken on November 1, 2017 shows a Chinese employee working on a production line of automobiles at a factory in Changchun in China's northeastern Jilin province. - There is trouble on the horizon for the global auto industry, which faces new European anti-pollution standards, shrinking Chinese tax breaks and rising trade barriers, according to the International Monetary Fund.In a report published October 15, 2019 on the global economy, the IMF casts a glance at this manufacturing sector, which is confronting a fundamental transition: "decarbonization."The industry contracted last year for the first time since the global financial crisis began, contributing to the current global economic slowdown."Near-term prospects for the industry remain sluggish, and efforts to decarbonize pose a fundamental challenge in the medium term," the report said.Auto manufacturing -- which accounts for 5.7 percent of global GDP and eight percent of goods trade -- shrank by 1.7 percent last year by volume of vehicles produced, according to the IMF.In China, the world's largest auto market, auto sales fell by three percent, their first decline in 20 years. Similar declines were recorded in Germany, Italy and Britain. In the United States, sales have continued to rise, but only slightly. (Photo by STR / AFP) / China OUT

IMF sharply cuts Iran, Saudi growth forecasts for 2019

Oct 16, 2019 - 12:15 PM

The International Monetary Fund expects Iran's economy to contract by a massive 9.5% in 2019, while the growth forecast for Saudi Arabia is cut to just 0.2%

IMF cuts 2019, 2020 eurozone growth outlook as Germany lags

Oct 16, 2019 - 10:55 AM

The International Monetary Fund says Germany, Europe's biggest economy, is laid low by a slumping auto market

IMF trims 2019 China growth forecast as U.S. tariffs bite

Oct 16, 2019 - 9:15 AM

The International Monetary Fund now expects China's economy to grow 6.1% in 2019, instead of the 6.2% previously forecast

Construction workers buy snacks at a food stall in Beijing's central business district on January 18, 2019. - China's economy grew at its slowest pace in almost three decades in 2018, analysts in an AFP poll said on January 18, as the government struggles to contain ballooning debt and a bruising trade war with the United States. (Photo by GREG BAKER / AFP)

Global economic outlook 'precarious,' no room for mistakes, IMF warns

Oct 15, 2019 - 11:34 PM

The US-China trade war alone is estimated to shrink the world economy by 0.8% in 2020, the International Monetary Fund says

GLOBAL ECONOMY. The International Monetary Fund logo is seen 05 April 2007 in Washington, DC.  File photo by Tim Sloan/AFP

Resorts World operator to delist from PSE on October 21

Oct 14, 2019 - 5:45 PM

Travellers International buys back its shares at just P5.50 apiece, much lower than its IPO price of P11 back in 2013

Rappler Talk: Jeffrey Ordaniel on Duterte's embrace of China

Oct 14, 2019 - 2:07 PM

On Monday, October 14, Rappler editor-at-large Marites Vitug talks to Jeffrey Ordaniel of Tokyo International University to assess President Rodrigo Duterte's pivot to China

From Med's biggest nesting ground, turtles swim to uncertain future

Oct 12, 2019 - 5:44 PM

Tourism, climate change and good fortune all weigh on the future of the loggerhead turtle population, which the International Union for Conservation of Nature lists as vulnerable

A newborn loggerhead turtle (Caretta caretta) heads towards the sea after got free from their eggshells at a beach in Kyparissia, south west Greece, on September 23, 2019. With a coastline of around 44 kilometres (27 miles), Kyparissia had over 3,700 nests this year, up from 3,500 in 2018. Typically, female loggerhead return to the beach of their birth to lay their eggs once they mature at the age of 20. ARIS MESSINIS / AFP

Photo recap: Miss Asia Pacific International 2019

Oct 10, 2019 - 5:24 PM

This year's pageant theme is 'Love The Difference'

Women's org launches pledge site for girl empowerment

Oct 10, 2019 - 3:00 PM

Teen pregnancy and mental health seminars, sports clubs, and capacity-building workshops are among the initiatives the public can pledge funds to

INVEST IN HER. Spark Philippines launches their pledge website for women-oriented initiatives on October 10. Photo by Michelle Abad/Rappler

Spain's Chaiyenne Huisman is Miss Asia Pacific International 2019

Oct 09, 2019 - 11:05 PM

The Philippines' Klyza Castro finishes the competition as part of the Top 25

New IMF chief Georgieva says world suffering 'synchronized slowdown'

Oct 08, 2019 - 11:28 PM

Kristalina Georgieva also calls for a ramp-up in carbon taxes to address the other challenge facing the global economy: climate change

IMF. New IMF Managing Director Kristalina Georgieva, speaks about the key issues to be addressed at the upcoming IMF / World Bank Annual Meetings, at the International Monetary Fund headquarters on October 8, 2019 in Washington, DC. Photo by Mark Wilson/Getty Images/AFP

Indonesian arrested with P54 million worth of shabu at Manila airport

Oct 08, 2019 - 12:23 AM

Authorities intercept more or less 8 kilograms of shabu from the passenger who arrived from Siam Reap, Cambodia, via Flight 5J 528

Duterte receives honorary degree in foreign diplomacy from Russian university

Oct 05, 2019 - 11:45 PM

(UPDATED) President Rodrigo Duterte gets his first honorary degree from the Moscow State Institute of International Relations University, Russia's premier school for international relations which is run by the Ministry of Foreign Affairs

HONORARY DEGREE. President Rodrigo Duterte gets an honorary degree in foreign diplomacy from the Moscow State Institute of International Relations University on October 5, 2019. Photo from PTV Facebook page

'Killings continue': Rights group urge ICC to open investigation of drug war

Oct 04, 2019 - 2:05 PM

The group also urges the ICC prosecutor to 'cooperate' with the United Nations Human Rights Council which is conducting its own inquiry into the drug war killings in the Philippines

EJKs. Families of victims of extraudicial killings call on the United Nations Human Rights Council to pursue an investigation into the rising drug war deaths in the Philippines. Photo by Micah Guiao/Rappler

Samantha Lo on Miss Grand International 2019 pageant: I'm going to bring that crown home

Oct 03, 2019 - 6:27 PM

'Win or lose, I'm going to just give you the best show you've ever seen,' says Samantha

First Arab on ISS returns to Earth

Oct 03, 2019 - 6:17 PM

(UPDATED) Although Hazzaa al-Mansoori's mission was short – 8 days in total – it has been the source of great pride in the UAE, a newcomer to the world of space with ambitions to send an unmanned probe to orbit Mars by 2021

SAFE. In this image released by NASA, Russian space agency rescue team members and United Arab Emirates (UAE) specialists carry UAE astronaut Hazzaa al-Mansoori shortly after the landing of the Russian Soyuz MS-12 space capsule about 150kms (90 miles) southeast of the Kazakh town of Dzhezkazgan on October 3, 2019. AFP PHOTO / NASA / Bill INGALLS

Developing country debt jumps to $7.8 trillion in 2018 – World Bank

Oct 03, 2019 - 4:45 PM

The 5% increase in the total foreign debt of developing nations in 2018 is driven by a surge in Chinese debt

(FILES) This file picture taken on September 24, 2013 shows Chinese 100-yuan (RMB) bank notes being counted at a bank in Huaibei, in eastern China's Anhui province. China's central bank on August 11, 2015 devalued its yuan currency by nearly two percent against the US dollar, as authorities seek to push market reforms and boost the world's second-largest economy. CHINA OUT AFP PHOTO / FILES

GMA's Gozon, Inquirer's Prieto slapped with P23-M tax case

Oct 03, 2019 - 1:31 PM

(UPDATED) The tax department sues the now-defunct INQ7 for tax deficiencies

MIAA clarifies opening of bags at NAIA: Only for 'specific need'

Oct 03, 2019 - 1:20 PM

'Why will we open bags? We have x-rays,' says Manila International Airport Authority General Manager Ed Monreal, who adds that the 'specific need' to open certain bags will be determined by security personnel

SECURITY. Passengers line up outside to enter NAIA Terminal 3. File photo by Inoue Jaena/Rappler

Sparing the rod: Netizens debate physical punishment at home

Oct 02, 2019 - 8:37 PM

'A little spanking here and there is necessary if it's called for,' admits one commenter

BIR lifts closure order on online gambling firm

Oct 01, 2019 - 1:20 PM

The first online gambling firm shut down by the Philippine government is up and running again after promising to settle P1.3 billion in unpaid taxes

P35M worth of shabu seized at NAIA, suspect arrested

Sep 30, 2019 - 11:10 AM

The suspect, who was on a Philippine Airlines flight from Hanoi, Vietnam, escapes as customs agents try to check his luggage. He is eventually captured in Tarlac.

Kristalina Georgieva named IMF managing director

Sep 26, 2019 - 4:10 PM

'It is a huge responsibility to be at the helm of the IMF at a time when global economic growth continues to disappoint, trade tensions persist, and debt is at historically high levels,' says Kristalina Georgieva

Newly selected International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks at a press conference at the IMF headquarters on September 25, 2019, in Washington. - The IMF on Wednesday formally selected Georgieva of Bulgaria to be only the second woman to lead the 189-member institution. (Photo by Eric BARADAT / AFP)

Travel to Japan for free: Japanese airline joins JICA for video blogging contest on PH youth

Sep 26, 2019 - 10:56 AM

The video blogging contest is open to Filipinos aged 18 to 24 years old

Rocket carrying Emirati, Russian, American blasts off for ISS

Sep 25, 2019 - 11:00 PM

Hazzaa al-Mansoori of the United Arab Emirates will spend 8 days on the ISS and will be the first Emirati and the first Arab on the orbiting laboratory

CHEERS. People at Mohammed Bin Rashid Space Centre in Dubai gesture and wave Emirati national flags as they watch screens showing a Soyuz MS-15 spacecraft lifting off from Baikonur Cosmodrome in Kazakhstan. The spacecraft carries 35-year-old Emirati astronaut Hazzaa al-Mansoori, who will spend 8 days aboard the International Space Station. Photo by Karim Sahib /AFP

Beijing opens glitzy airport ahead of China's 70th anniversary

Sep 25, 2019 - 7:05 PM

The newly opened Beijing Daxing International Airport in China is about the size of 100 football pitches

People walk inside the new Beijing Daxing International Airport during its first day of operation in Beijing on September 25, 2019. - The futuristic new airport in Beijing, which is expected to become one of the busiest in the world, was opened by China's President Xi Jinping on September 25. (Photo by STR / AFP) / China OUT

BIR closes first tax-dodging online gambling firm

Sep 25, 2019 - 11:02 AM

The Bureau of Internal Revenue stops the operations of Great Empire Gaming and Amusement Corporation

Documentary hopes to prevent rewriting of PH drug war killings story

Sep 24, 2019 - 7:30 PM

Malacañang criticizes 'On President's Orders' for being 'overly dramatized' and 'falsely portrays a dangerous Philippines and a murderous government'

PREMIERE. Around 1,000 invited audiences joined in the screening of controversial docufilm, 'On President's Orders' at Active Vista's 7th International Human Rights Film Festival on Friday, September 20. Photo courtesy of Dakila Media

Fact checkers team up against disinformation at U.N. GA

Sep 24, 2019 - 5:01 PM

23 fact-checking organizations from 17 countries work together to spot false and misleading claims during the international event

Drug war documents submitted to Supreme Court 'rubbish'

Sep 23, 2019 - 6:30 PM

Law group Center for International Law or CenterLaw wants to cite in contempt the Office the Solicitor General and the Philippine National Police

DOCUMENTS. The Supreme Court has compelled the Duterte government to submit thousands of documents related to 20,322 drug-related deaths from July 2016 to November 2017.

Fresh Hong Kong clashes outside mall but airport avoids disruption

Sep 22, 2019 - 2:49 PM

(UPDATED) Hong Kong police fire tear gas and rubber bullets in the northern town of Sha Tin on Sunday, September 22

Pro-democracy protesters desecrate the Chinese national flag during a protest at the New Town Plaza shopping mall in Hong Kong's Sha Tin district on September 22, 2019. - The demonstrators rallied inside a mall on September 22, with some activists vandalising a nearby subway station and defacing a Chinese flag, but plans to disrupt the airport did not materialise. (Photo by Isaac LAWRENCE / AFP)

Hong Kong a 'police state,' prominent protesters tell AFP

Sep 22, 2019 - 8:24 AM

Well-known protest leaders accuse the Hong Kong government of using its police force as a tool to 'abuse the public power and to torture the people'

RIOT. A group of riot police stand guard on a main road during a protest in Mong Kok district in Hong Kong on September 7, 2019. Photo by Philip Fong/AFP

#AskTheTaxWhiz: VAT exemptions, discounts for PWDs

Sep 20, 2019 - 9:00 PM

The Philippine Tax Whiz discusses the discounts available to persons with disabilities and which items are exempt from value-added tax

Privacy group finds alleged vulnerabilities in MyPhone MyA2

Sep 20, 2019 - 12:16 PM

Cheap phones may be undermining your privacy, Britain's Privacy International says in new case study

DOTr, San Miguel ink construction deal for Manila International Airport

Sep 18, 2019 - 6:13 PM

Groundbreaking for the new airport is set for December

FREEDOM OF CHOICE. Transportation Secretary Arthur Tugade and San Miguel Corporation President Ramon Ang sign the contract to build the Manila International Airport, which Tugade says will contribute to the public’s “freedom of choice” in traveling. Photo by Loreben Tuquero/Rappler

Greta Thunberg wins Amnesty's highest human rights award

Sep 17, 2019 - 1:09 PM

Greta Thunberg gets a standing ovation from students at The George Washington University where the ceremony was held

AMBASSADOR OF CONSCIENCE. Greta Thunberg (L) poses with Amnesty International Secretary General Kumi Naidoo (R) after receiving Amnesty International's Ambassador of Conscience award at George Washington University in Washington, DC on September 16, 2019. Photo by Andrew Caballero-Reynolds/AFP

COA asks Clark airport operator to explain millions given to illegal settlers

Sep 15, 2019 - 7:10 PM

(UPDATED) The Commission on Audit finds that money given to informal settlers was 'excessive.' Clark International Airport Corporation says it has since stopped giving compensation to informal settlers.

Dominguez orders BIR to shut down tax-dodging POGOs

Sep 15, 2019 - 6:05 PM

'Those who don't pay or respond to your assessments, clamp them down,' says Finance Secretary Carlos Dominguez III

Afghan Taliban rescind ban on Red Cross

Sep 15, 2019 - 4:23 PM

The Taliban also restores security guarantees for those working for the ICRC

RED CROSS. In this file photo, an Afghan resident walks at the International Committee of Red Cross (ICRC) hospital in Herat province on August 17, 2014. Aref Karimi/AFP

[ANALYSIS] Intergovernmental relations and the Mandanas case

Sep 13, 2019 - 12:52 PM

How to end the deadlock between the national government and local governments over the Mandanas case decision, which expands the revenue base for towns and provinces?

Netanyahu, Trump deny report of Israeli spying near White House

Sep 13, 2019 - 10:50 AM

The Israel president says: 'I have a directive: no intelligence connection in the United States, no spying... It's rigorously enforced without any exception'

US President Donald Trump shakes hands with Israeli Prime Minister Benjamin Netanyahu(R) in the Oval Office at the White House in Washington, DC, March 25, 2019. - US President Donald Trump on Monday signed a proclamation recognizing Israeli sovereignty over the disputed Golan Heights, a border area seized from Syria in 1967."This was a long time in the making," Trump said alongside Israeli Prime Minister Benjamin Netanyahu in the White House. US recognition for Israeli control over the territory breaks with decades of international consensus. (Photo by SAUL LOEB / AFP)

#AskTheTaxWhiz: What is a compromise settlement?

Sep 13, 2019 - 9:30 AM

The Philippine Tax Whiz discusses a method of lowering your tax liabilities the right way

Petro Gazz Angels to represent PH in Taiwan tourney

Sep 11, 2019 - 2:47 PM

The 2019 PVL Reinforced Conference winners hope to bring their champion form in their first international tourney

PROMISING. The Petro Gazz Angels are ready to step into the international stage. Photo by Josh Albelda/Rappler

Here's a sneak peek of 'Bertong Badtrip' and 'Filipino Heroes League Book 3'

Sep 10, 2019 - 8:34 PM

The two books will be available starting Sept 11 at Manila International Book Fair

Atomic watchdog chief in Iran for high-level talks

Sep 08, 2019 - 3:01 PM

The International Atomic Energy Agency official's visit comes a day after Iran announced its latest step in reducing its commitments to a 2015 nuclear deal

Cinemalaya winner 'John Denver Trending' heads to Busan International Film Festival 2019

Sep 06, 2019 - 2:07 PM

Cinemalaya 2019's Best Picture winner will be competing at the 24th Busan International Film Festival in October

Iran to unveil details on nuclear commitment cuts

Sep 06, 2019 - 9:28 AM

Iran's atomic energy organization is set to announce Tehran's third round of cuts in its nuclear commitments since May

NOT LEAVING. A handout picture provided by the Iranian presidency on May 6, 2018 shows President Hassan Rouhani giving a speech during a rally in the northwestern city of Sabzevar. Photo courtesy of Iranian Presidency/AFP

#AskTheTaxWhiz: How are investments taxed?

Sep 04, 2019 - 9:50 PM

The Philippine Tax Whiz discusses the taxes when trading in shares of stock

Night flights begin at Bohol-Panglao International Airport

Sep 04, 2019 - 3:05 PM

The Bohol-Panglao International Airport extends operations until 10 pm after acquiring equipment that can handle night flights

'ECO-FRIENDLY.' The Bohol-Panglao International Airport begins operations on November 28, 2018. All photos by the Department of Transportation